Here's the full chart showing the steady rise in gold after the September 11 attacks. Note the 2008 meltdown caused only a brief blip. The price went up even more steeply after it.

Then in 2011 the Fed began illegally manipulating the market. Is this too big for you to get your brain around?
MHG

Christ, you miss the obvious even when it's a chart. Gold followed it's normal trajectory after a crisis or event of that magnitude. There was no manipulation, it was an historical norm, you are one clueless idiot.

Christ, you miss the obvious even when it's a chart. Gold followed it's normal trajectory after a crisis or event of that magnitude. There was no manipulation, it was an historical norm, you are one clueless idiot.

Christ, you miss the obvious even when it's a chart. Gold followed it's normal trajectory after a crisis or event of that magnitude. There was no manipulation, it was an historical norm, you are one clueless idiot.

9/11 had very little to do with gold's trajectory. It slowly went up about $25/yr after 9/11. It was around 2006 when more and more savvy investors began to see the upcoming financial crisis that accelerated the rise in gold. It was becoming clear that quantitative easing was inevitable, that government would have to pick winners and losers, that the debt ceiling would have to rise higher and more frequently, etc. Our economic model is flawed. The markets will crash if they pull back on QE, but that can't go on forever. The debt will only decline through inflation or default, and both make gold more expensive.

9/11 had very little to do with gold's trajectory. It slowly went up about $25/yr after 9/11. It was around 2006 when more and more savvy investors began to see the upcoming financial crisis that accelerated the rise in gold. It was becoming clear that quantitative easing was inevitable, that government would have to pick winners and losers, that the debt ceiling would have to rise higher and more frequently, etc. Our economic model is flawed. The markets will crash if they pull back on QE, but that can't go on forever. The debt will only decline through inflation or default, and both make gold more expensive.

I was talking about 2008 and the financial meltdown.

edit. Ok, I see what you're looking at. I bolded his entire statement while responding to his 2008 comment.

9/11 had very little to do with gold's trajectory. It slowly went up about $25/yr after 9/11. It was around 2006 when more and more savvy investors began to see the upcoming financial crisis that accelerated the rise in gold. It was becoming clear that quantitative easing was inevitable, that government would have to pick winners and losers, that the debt ceiling would have to rise higher and more frequently, etc. Our economic model is flawed. The markets will crash if they pull back on QE, but that can't go on forever. The debt will only decline through inflation or default, and both make gold more expensive.

Only if the quarterly data doesn't justify the easing.

The market has been expecting a correction for a few months now, and since the Fed announcement, bonds will likely take a dive....as will equities, but a crash would mean more significant bad news. ie, unemployment rising or stagnant, manufacturing, housing numbers dropping etc.

Time will tell if the Feds are right about the economy, and there is no guarantee they won't continue to support bonds if the data looks fragile.

The market has been expecting a correction for a few months now, and since the Fed announcement, bonds will likely take a dive....as will equities, but a crash would mean more significant bad news. ie, unemployment rising or stagnant, manufacturing, housing numbers dropping etc.

Time will tell if the Feds are right about the economy, and there is no guarantee they won't continue to support bonds if the data looks fragile.

Speak English, anyone? WTF does this even mean?

The truth is that the QE is nothing but a continuance of the 2008 bail out -- which the too big to fails must have to stay afloat. Unfortunately the Fed and the US gov't have committed to this agenda -- much to the nation's detriment.

For the record, I have never claimed to be an investor -- only a writer. That's evidently too much to get your itsy-bitsy mind around.
MHG

The truth is that the QE is nothing but a continuance of the 2008 bail out -- which the too big to fails must have to stay afloat. Unfortunately the Fed and the US gov't have committed to this agenda -- much to the nation's detriment.

For the record, I have never claimed to be an investor -- only a writer. That's evidently too much to get your itsy-bitsy mind around.
MHG

Shouldn't a 'writer'....and I use the term loosely, have access to a thesaurus??

Quote:

Easing: Reduction, decrease, relaxation.

If the rest of the sentence is beyond your comprehension, then your claim to being a 'writer' is as nonsensical as your looney 911 theories.

As for you not being an 'investor,' I doubt anyone would have thought otherwise.

The truth is that the QE is nothing but a continuance of the 2008 bail out -- which the too big to fails must have to stay afloat. Unfortunately the Fed and the US gov't have committed to this agenda -- much to the nation's detriment.

For the record, I have never claimed to be an investor -- only a writer. That's evidently too much to get your itsy-bitsy mind around.
MHG

QE is about manipulating an equation to equilibrium. And finlaly they are making plans to taper it off so we have some real ****ing interest rates. And while the rest of the world is lowering their, we'll be raising ours.